Conduct a vat check of your respective supplier before finalizing your transaction

If you are a vat registered trader in the UK or perhaps any other member EU country that has embraced vat then you need to conduct a vat check of your supplier before finalizing your transaction, especially if you plan to import services or goods into your country. It is really quite simple to conduct a vat number check over the internet before you decide to spend your hard-earned money.

VAT or value added tax is really a system of taxing products or services that is followed in a number of countries around the world including most eu countries. If you are a trader in the United Kingdom that is vatnumbers.com importing goods or services from other eu countries where vat was already paid in the nation of origin then you can apply for a vat refund. This will permit you to reclaim vat paid earlier so as to avoid double-taxation. However, it is necessary that you purchase your goods originating from a vat registered trader or exporter in another country so the chain of vat continues when the goods or services are imported to the UK.

However, there just might be a possibility that an unregistered vat trader might try to dupe you of your savings by charging you vat whilst providing you with a fake or expired vat number on the vat invoice. In such a case, you might not be able to reclaim any vat on that transaction, which inturn will raise the costs and deny you your rightful refund. It is thus very important to conduct a vat check that typically takes a short time whenever you log on to the official European Commission or EUROPA website that allows you to conduct a vat registration check and validate if the supplier has indeed given you an authentic vat number.

All you need to do is log on to the EUROPA website ec.europa.eu directly or go to the hmrc vat department website and follow the link provided at the site. All you have to do is always to choose the eu country of the supplier, enter the vat number of your proposed supplier, choose your country code, and enter your own personal vat number. You will now have to click on verify, upon which the verification software will inform you if your vat number is valid.

Whenever possible, you need to print the validation screen as proof of having conducted the check at the particular date and time. If the registration number is not valid you'll be able to inform your supplier since there may be many reasons for this kind of response, ranging from an authentic mistake in supplying you with the vat number to willful wrongdoing on your supplier?s part. You sould never forget that ultimately it's your business that will suffer if you don't conduct a vat number check.

Conducting a vat registration number check is very important if you are planning to buy goods or services from vat registered traders in a foreign country which follow the system of vat. The actual checking process hardly takes more than a few seconds and performing a vat check will certainly save your business lots of money and pain should the supplied vat number turns out to be incorrect.